Aspen Technology, Inc. Provides Earnings Guidance for the Third Quarter of 2011; Revised Earnings Guidance for the Full Year of 2011
January 31, 2012 at 04:30 pm EST
Aspen Technology, Inc. provided earnings guidance for the third quarter and revised earnings guidance for the full year of 2011. For the quarter, the company currently expects revenue of approximately $57 million to $60 million. The company expects to report a GAAP operating loss in the range of $8 million to $10 million and on a non-GAAP basis, that would translate to a non-GAAP operating loss of approximately $5.5 million to $7.5 million.
For the year, the company now expects free cash flow of approximately $80 million, which is an increase from prior guidance of the mid-$70 million range. The company is now expecting revenue of $235 million to $240 million, which is up from original guidance of $225 million to $235 million. GAAP operating loss is expected to be in the range of $23 million to $33 million, which is an improvement from prior guidance of $30 million to $40 million, as well as from an operating loss of $54.6 million for fiscal 2011. The company continues to assume a GAAP net loss of $20 million to $30 million or a loss of $0.21 to $0.32 per share. The company is now assuming a lower level of non-operating income, due primarily to fluctuations in exchange rates. From a non-GAAP perspective, the company now expects operating loss in the range of $13 million to $23 million, an improvement from prior guidance of non-GAAP operating loss of $20 million to $30 million. The company continues to expect a non-GAAP loss per share of $0.09 to $0.19, which is consistent with prior guidance.